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Oppenheimer Sticks to Their Buy Rating for DoorDash (DASH)

Tipranks - Tipranks - Fri Jun 26, 7:00AM CDT

Oppenheimer analyst Jason Helfstein reiterated a Buy rating on DoorDash today and set a price target of $235.00.

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Helfstein covers the Communication Services sector, focusing on stocks such as Netflix, Alphabet Class C, and Roku. According to TipRanks, Helfstein has an average return of -0.7% and a 43.66% success rate on recommended stocks.

Currently, the analyst consensus on DoorDash is a Strong Buy with an average price target of $240.59.

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Based on DoorDash’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.04 billion and a net profit of $183 million. In comparison, last year the company earned a revenue of $3.03 billion and had a net profit of $193 million

Based on the recent corporate insider activity of 186 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DASH in relation to earlier this year. Earlier this month, Ashley Still, a Director at DASH sold 1,164.00 shares for a total of $178,767.12.

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